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In respect to this, how long can a wooden ship last?
If you have enough money, you can make ANYTHING last forever. When the wooden clipper ships were built, they had a projected lifespan (working life) of 10-12 years. Keeping a wooden hull seaworthy is an endless and often-times up-hill battle..
Similarly one may ask, how many years does a boat last?
There is no specific lifespan for any boat. Most boats tend to last for at least 2 decades. There are even boats that are 60 years old & still running well.
A good quality canvas cover can effectively protect your boat from rain, sun, leaves, twigs and even bird dropping. Covers should be used in a way that allows air to circulate and let any moisture escape. Leave the ends open. Keep any cover clear of the wood by using a simple framework.